Property

A small turnaround in Perth dwelling values last month helped stave off a negative quarterly result, as the Western Australian capital continues to battle a persistently subdued market.

Plans to redevelop the Hyatt Regency Perth include a public plaza, an art gallery, a theatre and performance space, new food and beverage tenancies, a supermarket and end-of-trip facilities open to the public, according to documents to be assessed by planning authorities next week.

Cedar Woods Properties has found a buyer for a commercial development in Melbourne suburb Williams Landing, which is currently under construction and will become the Australian headquarters for Wesfarmers-owned department store chain Target.

OPINION: Sales activity expanded over the week, with Reiwa members reporting an increase in weekly sales to 657.

Perth's historic Piccadilly Theatre will be left untouched while the arcade in which it is located undergoes redevelopment, with the mall’s owners putting a proposal to revive the theatre on hold after the City of Perth refused to financially back the plan.

Western Australia’s biggest builders are facing higher insurance costs, in some cases understood to be as high as 25 per cent more, as the Building Commission moves to reduce the reliance on taxpayers to foot the bill for failures in the sector.

Property development and investment firm MGroup has added a second shopping centre to its portfolio, entering an agreement to buy Wodonga Plaza in Victoria from Vicinity Centres for $43.5 million.

Willetton Senior High School has claimed the top prize at this year’s WA Architecture Awards, while Elizabeth Quay, an arts centre in the Pilbara and the Gen Y Demonstration Housing project were among those to receive high accolades.

One of institutional property group Charter Hall’s investment funds has bought The Ship Inn in Busselton, part of a $23.2 million sale and leaseback deal with Australia’s biggest pub owner, ALH Group.

Aqua Technics has installed a free-standing composite pool on the roof of the Park Regis Hotel in Subiaco, saying this technique delivered big time savings for Cooper & Oxley Builders.

Property analyst BIS Oxford Economics believes there is limited upside for residential property in Perth and says the market has yet to bottom out, contrary to the widely held view that the worst is over for Perth homeowners.

Aspen Group has announced an agreement to sell its Spearwood Industrial Estate, leaving only a single asset in its portfolio that isn’t a holiday park or an accommodation village.

Perth entrepreneur Craig Mitchell and property funds manager Angelo Del Borrello are facing off over the future of four large roadhouses in northern WA, with the outcome having a big bearing on investors who pumped $22.5 million into four related property trusts.

WA’s biggest construction contractor, Multiplex, has extended its scope of works at AAIG’s Capital Square, having been appointed to deliver fit-out works at the office development, which will becom

Community acceptance of tall buildings has come a long way in Perth, but developers still face significant challenges in their efforts to add density to near-city suburbs.

Developers are seeking to exploit new niches in Perth's residential apartment market, with slow sales and patchy project launches likely to lead to supply issues in the near future.

Melbourne-based architecture and interior design studio Plus Architecture has opened an office in Perth office under the leadership of former Woods Bagot Perth senior associates Will Schofield and Patric Przeradzki.

Sales activity expanded over the week, with Reiwa members reporting an increase in weekly sales to 604.

Perth's CBD office market is emerging from its longest cyclical downturn since the early 1990s, according to one of the city’s largest commercial landlords.

The former operators of Quest serviced apartments in South Perth have been fined almost $59,000 for a sham contracting arrangement designed to bypass industrial relations laws.

Apartments specialist Blackburne achieved $62 million worth of sales in one weekend at its latest project in Claremont, with the results confirming strong demand for western suburbs apartments.

It may have only taken about 18 months to build, but Perth’s newest hotel – the recently opened Aloft Perth in Rivervale – was a six-year journey for the world’s largest hotel operator, and one of Western Australia’s biggest home-grown builders.

A week after the Federal Court ordered a wind-up of Macro Group, the corporate watchdog has sought the same action for a number of special purpose companies connected with the failed Pilbara-based property developer.

Scentre Group is gearing up to unveil its next-generation dining and entertainment precinct at Westfield Whitford City, one of several planned upgrades to its shopping centres across Perth.

ASX-listed property valuation firm LMW has merged with competitor MVS National, with the combined entity to operate under the LMW brand.

Wangara-based building company McGrath Modular is being shut down after it was ensnared in problems associated with its Queensland owner and hit by weak market conditions in regional Western Australia.

Australia’s capital cities experienced a cooling of housing market conditions last month, with Perth unable to shake the downward trend.

New projects are helping to cement WA’s reputation as a leader in environmentally sensitive development.

Notching up 15 years in business, and managing more than $1.1 billion in combined retail rents for clients over that time, is a significant achievement in any industry.

The Federal Court has granted the corporate watchdog’s request to wind-up Pilbara-based property developer Macro Group, appointing representatives of KPMG as liquidators today.

Early works have begun on the state government’s planned redevelopment of the Shenton Park Hospital into a residential and retail precinct, with expressions of interest for the first two lots to open next week.

An improved iron ore price delivered huge boosts for mining magnates Gina Rinehart and Andrew Forrest, who were two of the three Western Australians to feature in the top 10 on the nation's best known rich list.